The First National Bank of Proctor: how it compares with its peers
Against 29 MN banks with half to twice its assets, The First National Bank of Proctor's strongest measure in Q2 2026 is efficiency ratio (77.12% vs. a 66.20% peer median). Its weakest relative measure is assets per employee ($4.9M vs. $6.7M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.57% | 1.32% | Bottom third Ahead of 21% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.55% | 3.98% | Bottom third Ahead of 28% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 77.12% | 66.20% | Middle third Ahead of 34% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.9M | $6.7M | Bottom third Ahead of 17% of peers |
| Loans to deposits Net loans and leases over total deposits. | 44.43% | 60.72% | Context |
What it means for lending operations
Its efficiency ratio of 77.12% is above the 66.20% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- The First National Bank of Fairfax Fairfax, MN · $36M
- Lake Country Community Bank Morristown, MN · $32M
- Farmers State Bank of Hoffman Hoffman, MN · $37M
- State Bank of Jeffers Jeffers, MN · $37M
- Western National Bank Cass Lake, MN · $37M
Questions about The First National Bank of Proctor
How big is The First National Bank of Proctor?
The First National Bank of Proctor, established in 1902, is headquartered in Proctor, MN. It reported $34M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is The First National Bank of Proctor's return on assets?
0.57% annualized in Q2 2026, against a 1.32% median for 29 MN banks with half to twice its assets, ahead of 21% of them.
What is The First National Bank of Proctor's efficiency ratio?
77.12% in Q2 2026: it spent about 77 cents in noninterest expense for each dollar of revenue. The peer median is 66.20%, and lower is better.
Is The First National Bank of Proctor growing its loans?
Net loans shrank 4.8% over the year to Q2 2026, while deposits shrank 0.1%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Minnesota bank ranked.